Herding Instinct: Definition, Examples and Effects
Herding instinct is a natural behavior that is seen in many animals, including humans. It is the tendency to move in a group or flock,...
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- Dec 31, 2020
- 2 min
Confirmation Bias: Definition, Examples and Effects
Definition: Confirmation bias is a cognitive bias that causes people to search for, interpret, and remember information in a way that...
- Dec 31, 2020
- 1 min
Reactance: Definition, Examples and Effects
Reactance is a psychological phenomenon that occurs when a person feels their sense of freedom is being threatened or taken away. It's a...
- Dec 31, 2020
- 1 min
Actor-Observer Bias: Definition, Examples and Effects
The actor-observer bias is a cognitive bias that affects how we perceive and interpret the behavior of ourselves and others. It is a...
- Dec 31, 2020
- 1 min
Bandwagon Effect: Definition, Examples and Effects
The Bandwagon Effect is a phenomenon in which people do something simply because others are doing it, regardless of their own beliefs,...
- Dec 31, 2020
- 2 min
Hot-Hand Fallacy: Definition, Examples and Effects
The Bizarreness Effect is a phenomenon in which people are more likely to remember information that is strange or unusual. This effect...
- Dec 31, 2020
- 2 min
Law Of Small Numbers: Definition, Examples and Effects
The Law of Small Numbers is a concept that states that small samples of data can be used to make generalizations about a larger...
- Dec 31, 2020
- 1 min
Curse of Knowledge: Definition, Examples and Effects
The Curse of Knowledge is a cognitive bias that occurs when a person has knowledge of a certain topic or situation that makes it...
- Dec 31, 2020
- 2 min
Social Desir: Definition, Examples and Effects
Social Desir is a concept that refers to the desire to be accepted and respected by others in a social setting. It is a powerful...
- Dec 31, 2020
- 2 min
Post-Purchase Rationalization: Definition, Examples and Effects
Post-purchase rationalization is a psychological phenomenon that occurs when a consumer justifies a purchase decision after the fact. It...
- Dec 31, 2020
- 1 min
Impact Bias: Definition, Examples and Effects
Impact bias is a cognitive bias that causes people to overestimate the importance or effect of an event. It is a form of cognitive...
- Dec 31, 2020
- 2 min
Exaggerated Expectation: Definition, Examples and Effects
Exaggerated expectation is a phenomenon in which people have unrealistic expectations of themselves or others. It can lead to...
- Dec 31, 2020
- 1 min
Hyperbolic Discounting: Definition, Examples and Effects
Hyperbolic discounting is a cognitive bias in which people tend to choose smaller, immediate rewards over larger, later rewards. The term...
- Dec 31, 2020
- 2 min
Focusing Effect: Definition, Examples and Effects
The Focusing Effect is a phenomenon that occurs when people focus on one aspect of a situation or problem and ignore other aspects. It is...
- Dec 31, 2020
- 2 min
Context Effect: Definition, Examples and Effects
Context effect is a phenomenon in which the context of a situation or environment influences the way people think, feel, and behave. It...
- Dec 31, 2020
- 2 min
Identifiable Victim Effect: Definition, Examples and Effects
The Identifiable Victim Effect is a phenomenon in which people are more likely to donate to a cause when they can identify with a single...
- Dec 31, 2020
- 2 min
Context Effect: Definition, Examples and Effects
Context effect is a phenomenon in which the context of a situation or environment influences the way people think, feel, and behave. It...
- Dec 31, 2020
- 2 min
Empathy Gap: Definition, Examples and Effects
The Peak-End Rule is a psychological phenomenon that has been studied extensively in the field of behavioral economics. It states that...
- Dec 31, 2020
- 2 min
Planning Fallacy: Definition, Examples and Effects
The planning fallacy is a cognitive bias that affects our ability to accurately estimate how long it will take to complete a task. It is...
- Dec 31, 2020
- 2 min
Attentional Bias: Definition, Examples and Effects
Attentional Bias is a cognitive phenomenon that occurs when our attention is drawn to certain stimuli over others. It is a form of...
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